Mullen Group (OTCMKTS:MLLGF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Mullen Group Ltd. (OTCMKTS:MLLGF)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.11 and traded as high as $11.35. Mullen Group shares last traded at $11.35, with a volume of 6,080 shares traded.

Wall Street Analyst Weigh In

MLLGF has been the subject of several analyst reports. Raymond James Financial downgraded shares of Mullen Group from an “outperform” rating to a “market perform” rating in a research note on Monday. TD Securities reiterated a “buy” rating on shares of Mullen Group in a report on Thursday, October 23rd. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Mullen Group in a report on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Mullen Group Stock Up 3.2%

The business has a fifty day moving average of $10.24 and a 200-day moving average of $10.11.

Mullen Group Company Profile

Mullen Group Ltd. provides a range of trucking and logistics services in Canada and the United States. The Less-Than-Truckload segment delivers general freight consisting of smaller shipments, packages, and parcels; and pharmaceutical and package products. The Logistics & Warehousing segment offers full truckload, specialized transportation, warehousing, and fulfillment centers that handle e-commerce transactions and transload facilities for intermodal and bulk shipments; technology solutions, including transportation, inventory, and warehouse management systems; and warehousing and distribution services.